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baxtermcfaxter

5,995 Posts.

15

17/12/18

14:16

Post #: 36882512
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Originally posted by picastoc: ↑

Sadly, there are posters who never acknowledge the existence of those who have incomes of less than $18,000 and who may get some franking credits on their shares. These are currently returned and can represent a significant proportion of their small incomes. Such people are far from earning a liveable amount and thus this is indeed one of the serious unintended consequence.

There is but one poster who has repeated exactly the same point (as you have quoted above) about 100 times already and never engages in discussing the real point - the fact that this is a very poorly targeted policy, very poor. Nor ever discussed, those caught within the net who shouldn't be and many of those who should be, get off scott-free. A leftie free-loader......

Unlikely to ever become law.

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You can count me as one that is opposed to this tax grab on those that earn around or less than the tax free threshold. My wife used to use her credit refund on her paltry amount of telstra shares to buy the kids school shoes when I was unemployed . This unconscionable tax is a tax on middle income and especially upon the poorer folk of our community
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